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29 September 2016

Slaughter and May completes Magic Circle retention season

The firm has posted an autumn retention figure of 89 per cent, holding on to 32 of its NQ lawyers.

By Victoria Basham

Iakov Kalinin

The London-headquartered firm – which has just four offices across the globe – reported that 35 trainees from a cohort of 36 had put themselves forward for full-time positions. The firm made 34 offers and all but two were accepted, equating to a respectable autumn retention figure of 89 per cent.

‘Bodes well for the future’

A spokesperson for Slaughter and May described the results as ‘broadly in line with previous years. We are very pleased with this continued strong showing which bodes well for the long-term future of the firm.’

Salary

The firm’s new recruits take home £71,500, which – due to some significant pay increases across the City – makes them the lowest paid associates within the magic circle quintet.

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